Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!

Why do people blame gas prices on Presidents?

Discussion in 'Too Hot for Swamp Gas' started by Diesel350z, Mar 9, 2022.

  1. Gatorhall

    Gatorhall Premium Member

    2,458
    1,154
    2,073
    Apr 15, 2007
    North Florida
    • Come On Man Come On Man x 2
    • Winner Winner x 1
  2. tampagtr

    tampagtr VIP Member

    9,277
    686
    708
    Apr 3, 2007
    You know it's easy to recite the Mearsheimer argument, which others have made as well, that the West was at least reckless in causing these conditions. I think he overstates the case, but they're certainly some appropriate criticism of hubristic overreach after the fall of the Soviet Union.

    I've been aware of this issue for years and it was one of the first reasons that I recognized that our last president was basically spouting Russian talking points. I realized that in April 2016 long before the rest came out.

    But enough of that, I think what people often overlook here is the role of the Ukrainians and other Eastern Europeans that have much closer social ties, Slavic solidarity, Orthodox solidarity, and all that, yet still much prefer to be part of the West, even if there's resentments and an awkward connection.

    For all our flaws, and we have many, past and present, basic Western values are still most attractive to the world, the thirst for freedom. Those almost always overcome ethnic ties. We see the same thing with Taiwan and Hong Kong, both of whom are far closer to China culturally, to make the obvious point,even though Hong Kong was Cantonese and not Han. But they still don't want to integrate into China.

    We need to remember that the multiethnic democracies that constitute the West with our values of economic and political freedom are still what peoples of the world prefer, over pure ethnic ties, notwithstanding that we have a significant movement in our own country epitomized by our last president of blood and soil nationalism, a shortsighted and ultimately losing proposition, that would make us weaker beyond it's moral deficiencies.
     
    Last edited: Mar 15, 2022
  3. G8trGr8t

    G8trGr8t Premium Member

    19,861
    8,714
    3,443
    Aug 26, 2008
    In fairness, without that deal there would have been a lot more domestic producers that would have went bankrupt.
     
  4. G8trGr8t

    G8trGr8t Premium Member

    19,861
    8,714
    3,443
    Aug 26, 2008
    you need to realize that the refineries are banking profit here too. This is somewhat analagous to the price of beef going so high when the cattle ranchers aren't making any more money but the four slaughterhouse companies that control the market are working together to drive up the price. Very few oil producers are in the refining business
     
    • Agree Agree x 1
  5. RIP

    RIP Election Prediction Savant Premium Member

    4,910
    926
    3,283
    Feb 2, 2015
    Gas prices are going to drop back to $3.30/gallon? Awesome!
     
    • Like Like x 1
    • Funny Funny x 1
    • Winner Winner x 1
  6. demosthenes

    demosthenes Premium Member

    7,642
    684
    3,218
    Apr 3, 2007
    [​IMG]
     
    • Funny Funny x 1
  7. gator10010

    gator10010 GC Hall of Fame

    1,674
    77
    333
    Aug 23, 2008
    You're right Biden is a dummy
     
  8. 1990Gator

    1990Gator VIP Member

    1,438
    388
    1,938
    Dec 30, 2013
    Just got this in my weekly email:

    Increasing U.S. Diesel Fuel

    US Carriers set their fuel surcharges based on the average price per gallon posted by the US Department of Energy, which is updated weekly. The price per gallon at the pump rose 18.15% from 2/28/22 to 3/7/22. This is causing US Carriers to drastically increase their fuel surcharges to us, and therefore we pass this cost along to you. Due to the current environment, we are anticipating the diesel prices to continue to increase and carrier’s fuel surcharges to do the same. Due to drastic inflationary costs of fuel, carriers who normally update their fuel surcharge weekly could very well begin to do so daily. Please consider these almost certain increases in your analysis of costs.

    My companies are now adding a fuel surcharge to all our invoices - we're going to start at 7% and see how it goes. May have to go up to 10% at month's end but we'll use the 2 weeks till then to evaluate.

    UPS had rate increases both on Friday and this morning.

    Sorry Psaki - We have to pass on the increase in costs to the consumer!
     
    • Informative Informative x 1
  9. citygator

    citygator VIP Member

    3,417
    682
    3,053
    Apr 3, 2007
    Charlotte
    Biden got up early this morning and really got some policy work going. Another drop in prices! Go Biden!!!!

    https://www.cnbc.com/2022/03/15/oil-drops-again-now-more-than-25percent-below-recent-high.html
    Oil registered heavy losses Tuesday, building on Monday’s decline, as myriad factors weighed on sentiment, including talks between Russia and Ukraine, a potential slowdown in Chinese demand and unwinding of trades ahead of the Federal Reserve’s expected rate hike on Wednesday.

    Both West Texas Intermediate crude, the U.S. oil benchmark, and global benchmark Brent crude were below $100 a barrel during Tuesday morning trading on Wall Street, a far cry from the more than $130 a barrel just over a week ago.
    WTI dropped 7.6% to trade at $95.26 per barrel, after declining 5.78% on Monday. Brent traded 6.9% lower at $99.54 a barrel, accelerating Monday’s 5.12% decline.

    “Growth concerns from the Ukraine-Russia stagflation wave, and FOMC hike this week, and hopes that progress will be made in Ukraine-Russia negotiations” are weighing on prices, said Jeffrey Halley, senior market analyst at Oanda. “It seems like the old adage that the best cure for high prices, is high prices, is as strong as ever,” he added, noting that he believes the top is in for oil prices.
     
    • Funny Funny x 2
    • Winner Winner x 1
  10. Gatorhall

    Gatorhall Premium Member

    2,458
    1,154
    2,073
    Apr 15, 2007
    North Florida
    You’re bozo is the joke and everyone who voted for this POS. Nice going pal.
     
  11. VAg8r1

    VAg8r1 GC Hall of Fame

    Apr 8, 2007
    Probably already been mentioned, anyone ever notice that when the price of crude increases it's reflected at the pump almost immediately even though the product sold at the pump was refined when crude was considerably less costly while a drop in the price of crude won't be reflected at the pump for weeks.
     
    • Agree Agree x 2
    • Winner Winner x 2
    • Fistbump/Thanks! Fistbump/Thanks! x 1
  12. AzCatFan

    AzCatFan GC Hall of Fame

    8,832
    460
    458
    Apr 9, 2007
    Gas prices at the pump rise like a rocket, but fall like a feather. Been that way forever. Here's a good explanation from back in 2005 about the pattern, and why gas prices go up much faster than they come down.
     
    • Informative Informative x 1
  13. VAg8r1

    VAg8r1 GC Hall of Fame

    Apr 8, 2007
    The rationale has always been that the reason that prices rise rapidly at the pump is that gas is priced to reflect its replacement cost rather than what the retailer/distributor paid to the refiner for the product being sold. Logically it would seem that the reverse should also apply. Not so.
     
    • Agree Agree x 1
  14. buckeyegator

    buckeyegator Premium Member

    71,888
    1,670
    3,383
    Oct 29, 2007
    gainesville, florida
    oil at 94.15 now. like above post gas prices always it seems rise 4 or 5 times faster than they fall. i have been critical of people complaining about companies making profits, mostly bernie, but i will be interested in how long it takes to drop prices.how long does it take to process crude oil into gas? i am going to assume that the oil the companies have on hand at the higher prices will go out as gas at prices to meet what was paid, question is how much of that is on hand?
     
  15. buckeyegator

    buckeyegator Premium Member

    71,888
    1,670
    3,383
    Oct 29, 2007
    gainesville, florida
    sleepy joe better get a move on, gas still 4.34 nationally
     
    • Come On Man Come On Man x 1
  16. 1990Gator

    1990Gator VIP Member

    1,438
    388
    1,938
    Dec 30, 2013
    Sure, see my post right above yours?
     
  17. citygator

    citygator VIP Member

    3,417
    682
    3,053
    Apr 3, 2007
    Charlotte
    What kind of a price beak did you give to customers when gas was $2 during the pandemic? Did you subtract a 7% surcredit (opposite of surcharge I guess). Hmmmmm.
     
  18. demosthenes

    demosthenes Premium Member

    7,642
    684
    3,218
    Apr 3, 2007
    [​IMG]

    Put up a better candidate or even simply a better human being and maybe we wouldn’t have Biden. Not that it matters since he’s not the reason for fuel prices.
     
    • Dislike Dislike x 1
    • Funny Funny x 1
  19. 1990Gator

    1990Gator VIP Member

    1,438
    388
    1,938
    Dec 30, 2013
    Safe to assume you don't deal with the Transportation industry.

    None of the national carriers have price drops when they do their weekly - twice weekly updates - they just keep the prices where they are and just keep going up.

    In 40 years of business, I can't remember a single fuel surcharge decrease. Can't pass on what I don't get.
     
  20. demosthenes

    demosthenes Premium Member

    7,642
    684
    3,218
    Apr 3, 2007
    I’ve seen decreases but only if it’s separately broken out, not if they simply raise the rates.
     
    • Informative Informative x 1